Grain Comments

Grain Market Update 2/11/20

USDA February S & D Report did not jump start our grain markets.

On corn, they decreased exports 50 million, increased ethanol 50 million, which left carryout unchanged at 1892 million.

On beans, they increased exports 50 million and that flowed through to decrease carryout by 50 million to end at 425 million.

Initially both markets are down on the report.